Compound officially announced that Compound Proposal 197, initiated by DeFi risk manager Gauntlet, has reached the quorum threshold and was passed. Some Compound III parameters of cUSDCv3 on the Arbitrum chain will be adjusted, including:
1. Increase the ARB supply limit of cUSDCv2 from the previous 4 million to 8 million;
2. Increase the supply limit of WBTC from the previous 6 million to 12 million.
It is reported that after the proposal is passed, it will be implemented within three days. At that time, the supply cap utilization rate of WBTC can be reduced from 92% to 46%, and the supply cap utilization rate of ARB can be reduced from 100% to 50%, thereby promoting the use of Compound protocol rate and further growth.